Health Insurance Reform Schedule

manufacturers have a 2.9% sales tax on medical devices; with exemptions for some, like eyeglasses, contact lens, and hearing aids.
*      No more deduction for expenses allocable to Medicare Part D subsidy for employers who maintain prescription drug plans for their Medicare Part D-eligible retirees.

2014
Coverage Mandates & Subsidies:

*      New Individual and employer coverage responsibilities.
*      New Individual affordability tax credit and expanded small business tax credits.

Health Insurance Quotes Exchange & Insurance Reforms:

*      State individual and small group health insurance exchanges operational.
*      Guaranteed issue, guaranteed renewability, modified community rating and minimum benefit standards (“essential benefits” plan) effective.
*      No more lifetime and yearly dollar limits for essential benefits.
*      New taxes on health insurers.

2018

*      New tax (“Cadillac tax”) on employer-sponsored health plans that offer policies with generous coverage levels.

2020

*      Doughnut hole coverage gap in Medicare prescription benefits is fully phased out. Seniors continue to pay the standard 25% of their drug costs until they reach the threshold for Medicare catastrophic coverage.

The mission of Easy To Insure ME is to help Americans find affordable health insurance